Which online brokerage will allow me to start off by only investing 200$ in a portfolio?

Question

Ive been reading a lot and practicing buying and selling stocks on yahoo finance, read a lot of different strategies and articles about how to trade, i kinda have an idea of what im doing, havent really lost money on any of my "fake" portfolios, and i only have 210$ and some sites have minimum requirements of 3500$, , so i need a beginners tradnig brokerage that allows me to start off with a very low investment

Answer 1

You could always get into Forex trading with a trading system; you only need $500-$1000 which isn't a far stretch from what you've already got.

What you do (and what I did) is make sure the trading system has a 60 day money back guarantee first; then make sure you can use a demo account. A demo account let's you play the trading game with "play money" so you can see if you can profit from the trading system without investing your real cash.

Use the demo account for 59 days and if you see you can make profit you keep the system and invest your real cash. If there's no profit to be made you get a refund and try another system; there's literally no risk when buying one.

If you're interested I found reviews of the top 3 Forex trading systems: http://forex-tracer.the-perfect-solution...

Answer 2

It's unlikely you could open a share portfolio with $200 but you could buy into an ETF (exchange-traded fund). This allows you to trade in an indexed market and spreads your risk because you are not buying a share in a single company.

There's no minimum quantity, so you can choose a fund with a single lot price of less than $200, allowing for the brokerage fee.

Forex is an option, but you can lose $200 in the blink of an eye if you don't know what you are doing. Far riskier.

Answer 3

www.sharebuilder.com (now it's ING) it's super cheap, a few bucks per month. they can automatically deduct money from your bank account, you can shut the programs on and off whenever you want and any money you keep in your account (not invested) will grow a pretty decent interest rate, way better than your standard bank savings account.

Answer 4

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